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The role of economics in shaping public policy

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The Role of Economics in Shaping Public Policy

Analyze how economics plays a vital role in shaping public discussion in the following policy areas:

Household taxation

Business Taxation

Import taxation (tariffs)

(1 example of each discussion you analyzed above and how that example plays out in your life and career. )

Factors of Production

Innovation and physical capital are two of the four factors of production. Analyze specific ways that 1 of the following laws increased the productivity of innovation and physical capital:

1862 Pacific Railway Act

1956 Federal Aid Highway Act

1946 Federal Airport Act

Considering how law can increase the productivity of innovation and physical capital, address the following:

Describe 3 other examples of economic concentration.

What are the risks and advantages to economic concentration?

How has economic concentration influenced your industry?

Reference no: EM133351774

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